Seadrill blows up on the stock exchange

The share price at John Fredriksen's struggling drilling company went up by 23 percent Friday morning and is thus the most inclining share on the Stoxx 600 index.

BY RITZAU FINANS

The Norwegian drilling company Seadrill ends the week nicely with a very solid price increase. The share surged by 23 percent on the Oslo Stock exchange Friday morning (CET) and is thus the most inclining share in the wide Stoxx 600 index.

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Seadrill plans large-scale cost reductions in 2016
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Seadrill CEO attends weekly debt meetings with Fredriksen
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